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Could news be forthcoming in the next week?
I’m happy to sit back and wait . Most holders have been remarkably patient although there have been one or two exceptions I believe James .
Dick, we will be expecting a D-RNS if you hear anything different to the contrary! :)
The guy is 71, whilst not that old by today's standards I'm sure he's looking forward to some relaxed cruises and a bit of golf, I certainly hope I will be at that stage, and if a deal is done like we're all hoping then all the more reason to enjoy his retirement
RL is a proper oil man . We should all vote him back
Nice rise this morning long may it continue . Love seeing my wealth go up by £150k . Happy Friday !
I called this yesterday, it’s so oversold it’s embarrassing!
Live price via II: Sell 180p, buy 182p. Up we go! GLA...
Surety - politicians are not to be trusted. Everything they do is in the cause of winning (or not losing) votes, futile though the task is for Sunakhunt. Guess they must just be socialists of the worst type - rich themselves but spouting socialist principles like they're going out of fashion. They're liars on top, because the picture they present to the cerebally-challenged masses is designed to make them hate the companies - a whole sector of such companies in this case - they're stealing from. What they have imposed is not a windfall tax at all - it is a straightforward heist - 75% of ALL their profits (not just the windfall ones - not that there are many because both oil and gas prices are well below levels that applied on 24 Feb last year). F*** the reinvestment relief - every last penny of profits resulting from reinvestment in the NS will be taxed at puntitive rates ad infinitum. Once imposed, taxes are very seldom withdrawn, so don't raise your hopes there.. It doesn't work like that, otherwise all the damaging laws, policies, taxes - call them what you will - imposed in the termianlly destructive criminal Blair's era of deceit and dishonesty would have been thrown out when Cameron's wets got in - he wanted the PM's job so badly he wouldn't risk going back to the country with a bolder manifesto, instead going into coalition with the neo-socialist LibDems. But those laws, policies, entitlements in their thousands, weren't thrown out because every Conservative PM since 2010 has been pitifully weak and more interested in pleasing the masses than changing the direction of Britain's travel towards third world status.
Anyway, back to the point, why would anyone trust either Mr Bouncy Big Ears or Mr Slime for the sake of waiting a few days.
My view, fwiw, is there'll be an announcement towards the end of Budget week or (wait for it) "if not by the Friday of that week, then certainly in the following week".
I added 15250 shares yesterday in 2 lots @164p and 165p. The term "glutton for punishment" comes to mind.........
GL
I would hazard a guess that the news as posted by Greener101 earlier today has highlighted the fact that deals can be done for the type of assets that JOG has.
https://www.reuters.com/markets/deals/norways-equinor-nears-deal-buy-suncors-uk-oilfields-2023-03-01/
I think this is just the inevitable bounce from extremely low sentiment. Hope I’m wrong. Fair value multiples from here
Almost 100k in the first hour, dare I say a leak.
The difference a day makes :-)
The positive for me is that there is deal making activity .. ahead of the budget .. producing (acquiring) businesses are clearly believing that their EPL incentive is alive and well - perhaps with a floor on the horizon.. if the government have given sufficient reassurances then we may not have to wait until the 15th..
DYOR
Agreed. Important not to forget that the various brokers covering JOG have a target of £7 (recent targets too - post EPL changes in November). Only a matter of weeks to wait to see if we are vindicated. V good risk reward at this price IMHO
The next 10 days will be interesting as punters may be enticed back. These are proven reserves of oil and even at a paltry $3/bbl this has very attractive upside. Downside of no deal could take us below £1 but that would be a huge failure and with multiple parties interested there ought to be a solution that works for all. GLA not long to wait now I reckon.
This deal bodes very well for JOG. Crikey, if JOG does a deal on similar terms, we will see a multi bag in very short order
I would be thrilled with just half that amount for a JOG takeover. A JV would be a disaster in the medium term for JOG, since it will just allow Benitz to remain on, no doubt, progressively higher salaries. Sell the whole co, then the new owners can have the honour of generously remunerating St Andrew the Great Value-deliverer if they elect to retain his services. Now if you said JV without operators hip, the C suite given their punk slips and someone like RL brought back in to just keep the JOG dividend machine oiled, well I'd be much more amenable to that idea, since RL is an asset rather than a liability.
Very very promising
That's a chunky deal for pre-production assets in UK NS... https://www.reuters.com/markets/deals/norways-equinor-nears-deal-buy-suncors-uk-oilfields-2023-03-01/
I tried to buy 25,000 shares today and the MM couldn’t fill the order . There is limited stock so should see the price heading North for a change .
Hopefully not speaking too soon but there doesn't appear much stock for sale - I need to go to Fill or Kill for every quote. Up 5%. Hopefully a blue day for once and then re-rate back above £2 before GBA news
https://www.energyvoice.com/oilandgas/north-sea/west-of-shetland/487051/viaro-production-assets-north-sea/
Still activity taking place.. alongside everyone screaming about the EPL to the government and calling for a floor.. all roads lead to the 15th and just beyond ?!?
DYOR
Perhaps it's just been Amati gradually selling down their stake?, they were previously listed as the second largest shareholder but went below the 3% sometime in December looking at the shareholder list on JOGs site, my guess is they've been selling down the residual <3% the last couple of months
Yep , it’s fallen in a straight line on nothing really,yes waiting for fo details but these big deals take time and we still on course for the parameters set by the board, tbh the reaction ytd is ridiculous , lots of value here
We'll see - have managed to bring my average down to 200.24p, with 10,017 shares. Blue day? Turning day? Fingers crossed. Brent is doing very well.
Just topped up , very oversold here this will bounce hard v soon